The business behind the dividend
| Measure | CC | Median | Formula |
|---|---|---|---|
| Return on equity | -154.4% | 10.6% | Net income ÷ shareholders’ equity |
| Return on capital employed | -6.3% | 10.0% | Operating income ÷ (equity + total debt) |
| Owner earnings | $-259.00m | $120.90m | Net income + depreciation & amortisation − capital expenditure |
| Free cash flow | $51.00m | $155.08m | Operating cash flow − capital expenditure |
| Operating margin | -4.8% | 14.3% | Operating income ÷ revenue |
| Net margin | -6.6% | 10.1% | Net income ÷ revenue |
| Debt to equity | 16.56x | 0.73x | Total debt ÷ shareholders’ equity |
| Interest cover | -1.03x | 4.22x | Operating income ÷ interest expense |
| Current ratio | 1.78x | 1.55x | Current assets ÷ current liabilities |
| Long-term debt to working capital | 3.12x | 1.88x | Long-term debt ÷ (current assets − current liabilities) |
| Cash conversion | — | — | Operating cash flow ÷ net income |
| Accruals | -8.8% | -3.1% | (Net income − operating cash flow) ÷ total assets |
Not computed here: Cash conversion — why a blank is not a zero.
Ten years of it
The same measures, for every year the filings support. One year is a fact; a row is a business.
| Measure | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Median |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on equity | -154.4% | 12.1% | -35.1% | 52.2% | 56.2% | 26.9% | -7.5% | 98.1% | 86.7% | 7.0% | 12.1% |
| Return on capital employed | -6.3% | 2.3% | -6.7% | 15.6% | 14.0% | 3.7% | -2.6% | 23.2% | 18.3% | -0.3% | 2.3% |
| Operating margin | -4.8% | 1.8% | -5.2% | 10.8% | 10.7% | 3.6% | -2.2% | 17.4% | 14.8% | -0.2% | 1.8% |
| Net margin | -6.6% | 1.2% | -4.2% | 8.5% | 9.6% | 4.4% | -0.9% | 15.0% | 12.1% | 0.1% | 1.2% |
| Debt to equity | 16.56x | 7.20x | 5.60x | 3.28x | 3.47x | 4.95x | 6.04x | 3.92x | 4.78x | 35.44x | 4.95x |
| Current ratio | 1.78x | 1.66x | 1.55x | 1.70x | 1.80x | 1.83x | 1.80x | 1.93x | 2.12x | 1.44x | 1.78x |
| Cash conversion | — | -9.17x | — | 1.31x | 1.34x | 3.68x | — | 1.15x | 0.86x | — | 1.15x |
How it compares in materials
Among the 79 materials companies here measured on free cash flow, Chemours pays out less than 7 of them. The median for that group is 34.3%, against this company’s 152.9%.
Closest on free cash flow
- Huntsman (HUN) 125.9%
- International Flavors & Fragrances (IFF) 159.8%
- Sylvamo (SLVM) 165.9%
- Sensient Technologies (SXT) 181.2%
Same sector and same denominator, so the figures are comparable. All 107 in materials →